45 Nichols St Gardner — Photo 1 of 22
$349,999
Investment Analysis — 45 Nichols St
Gardner, MA 01440
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01440 carries an estimated $2,000/mo in gross rent — about a 4.05% cap rate and $14,161/yr in estimated NOI at the $349,999 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,096
Style
Single Family
Built
1900
Searching for an affordable starter home with convenient access to Route 2? This charming 3 bedroom, 2 bathroom home offers a functional layout and comfortable living spaces. The first floor features durable laminate flooring, an eat-in kitchen with stainless steel appliances, and the convenience of first-floor laundry. Upstairs, you'll find a spacious primary bedroom with its own private bathroom, along with two additional bedrooms perfect for family, guests, or a home office. Start your mornings with a cup of coffee or unwind in the afternoon in the bright enclosed porch. The fully fenced yard provides plenty of space for entertaining, gardening, pets, or relaxing around a fire pit. Ideally located just minutes from downtown Gardner, you'll enjoy easy access to shopping, restaurants, local breweries, Pulaski Playground & Dog Park, and all the conveniences the area has to offer.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 548 sq ft (the lesser of 900 sq ft or half the 1,096 sq ft principal dwelling). Lot size: 5,470 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Closet, Flooring - Vinyl, Exterior Access, Lighting - Overhead, Crown Molding
Dining Room
Lvl FirstKitchen
Lvl FirstCeiling Fan(s), Flooring - Wood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Lighting - Overhead, Crown Molding
Primary Bedroom
Lvl SecondBathroom - Full, Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Wall to Wall Carpet, Lighting - Overhead
Bathroom 1
Lvl FirstBathroom - 3/4, Bathroom - With Shower Stall, Flooring - Vinyl
Bathroom 2
Lvl SecondBathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Listing Agent: Gabe Hulen
Listing Office: Chinatti Realty Group, Inc.
MLS® Number: 73557187